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Net initial yield at acquisition


Total sqm


Occupancy rate

AGC Glass Europe


5.38 years



The asset is ideally located in the student city of Louvain-La-Neuve, in the heart of Louvain-la-Neuve Science Park and UCL University, home of more 260 innovative companies and the 1st Belgian Science Park. The building is only 20 minutes drive to Brussels and Brussels Airport, only 10 minutes walk to Louvain-la-Neuve train station and also benefits from a bus stop at its front. The UCL educates around 27’261 students from 127 nationalities in all areas of studies at its different campuses. It has educated a large part of Belgium’s elite and is still considered as a centre of excellence in many fields.


The asset has been built to suit for AGC Glass’ European headquarters. AGC Glass is a subsidiary of the Japanese Mitsubishi Group (S&P rating A) and produces, processes and distributes flat glass for the building industry (external glazing and interior decorative glass), the automotive industry (OEM and replacement glass) and various other sectors such as transport, solar power and high-tech applications. The asset is AGC Glass Europe group’s showcase for glass and presents multiple possibilities in terms of architecture, design and innovation.


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